Sulja Bros. Building Supplies, Ltd (SLJB)

[YankeeAce]

It is good we are starting to see some opposition to the stock now. I remember when this started with IDWD. At least the children have not arrived yet.

To address the eariler issues of riskiness in the real estate business there are three things that effect the "risk" and those are the bubble in prices, the interest rate, and the supply of available dwellings. Be careful not to compare LFWK to suburbia housing builders. Those are the ones that run the most risk when it comes to the above three items. Go downtown in any city and look for a for sale sign, see any? Now drive through just one street in suburbia, I see at least one for sale sign per block. There is also a prestige of living downtown versus suburbia. Interest rates are on the rise, which may slow down the buying of lofts. However, LFWK has the ability to rent them as well. Since the supply of units in the inner city is limited these lofts may also prove to be decent investment properties for real estate investors. Sure the high rises continue to get higher and the view is better from up there, but there is just something to say about only having to take one or two flights of stairs each day before you hit the street versus a wait for the elevator and the possibility of crowds in your own building during peak hours. I will agree with you that 9/11 put a kink into the movement trend back into the cities, but I think the gas prices over time will undo that and continue the movement. These are just my opinions of course.